Eric Lipton
speaker
759 appearances
6 recordings
4 series
first heard Feb 2025
last heard 5 Aug
Eric Lipton’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
Those are true things.
But it does create an appearance at a minimum of a conflict of interest because Howard Lutnick is helping these same companies and helping bring them billions of dollars worth of capital,
at the same time as the sons are helping bring private capital to these same companies.
So it creates, at a minimum, an appearance of conflict of interest.
I mean, he has complied with the federal law, which requires him to divest of his holdings in Cantor Rich Gerald.
And he has turned over his holdings to his sons and other family members.
And so he does not actually legally have a conflict of interest.
I mean, it is an unusual situation to have a commerce secretary.
whose family is so deeply involved in financing the same sectors.
You know, we've written about this a number of times now.
The Suns company is financing data centers, which, you know, Howard Lutnick has been intensely involved with.
They're funding the nuclear power industry, which again, Lutnick is intensely involved with, and they're funding the mining sector.
And so in all three areas, Lutnick is driving federal policy and the Suns are helping fund the companies that are seeking to capture the profits
from those policy changes that his dad is making.
Now, it is not a formal legal conflict of interest, but it does create the appearance of a conflict of interest on a scale that we have perhaps never seen for a commerce secretary, similar to the kind of the scale of the conflict of interest that we're seeing with the president and his sons.
It's just at a level that it just really doesn't have precedent in American history.
But is it technically illegal?
No, it's not, as far as I can tell.
But it just creates a blending.
What the thing is, in the United States, we are used to separating the job of running the federal government from the job of running your private businesses.
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